$6,500,000 Active
2659 Lake Tahoe Boulevard
South Lake Tahoe, CA 96150

Get lots like this by email

When a lot like this lists in South Lake Tahoe at a similar price and size, we email you the same day. No account needed.

⏳ STR — New Permits Waitlisted
City of South Lake Tahoe VHR permit required — the city's 900-permit residential cap was reached on August 21, 2026; new applications outside the Tourist Core are waitlisted. There is no guarantee a new owner will obtain a permit, and permits do NOT transfer on sale. Do not count on rental income without a permit in hand.

Our data on this home

About This Property

Fantastic rare opportunity on Lake Tahoe Blvd center of town. Just minutes from Lake, Casinos, Skiing, Fishing and Bike riding! Over 1.24 acres to build! Over 43,000 sqft of banked coverage! Development rights were legally established in TRPA files 19881428STD and 198810175STD for Tourist Accommodation unit: 64 units and Commercial Floor area 3,797 sq.ft. There are many uses that can be used on this property. To name a few, but not limited to: Tourist Accommodation: bed and breakfast, hotel and motel. Commercial: eating and drinking, food and beverage retail and many more. Public Service: churches, cultural facility, and many more. Recreation: day use areas. Much to like when considering a development in the most beautiful place in the world!

Listed by Scott Wadsworth — Chase International - South Lake Tahoe

Listing Details

Status Active
MLS # 143576

Property History

Oct 15, 2026
Listed for sale
$6,500,000

Sale History · changed hands 1×

Sold Price Listing agent (sell side) Buyer agent (buy side)
Jan 2015 · county record $1,640,000 Deed record — brokerage sides not reported

MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.

Property Overview
Lot Size 1.25 acres
Property Type UnimprovedLand
County El Dorado
STR Jurisdiction South Lake Tahoe
APN 031257007000
Exterior & Lot
Lot Features Curb & Gutters, Sidewalks
View Mountain, Filtered
📊

STR Investment Analysis

See projected rental revenue, occupancy rates, and investment scores.

STR Investment Analysis

STR analysis
STRUCTURAL SCORE —
—
PROJECTED GROSS ANNUAL REVENUE
—
~— per month
Avg Nightly
—
Occupancy
—
Cap Rate
—

Land Coverage (TRPA)

Tahoe Regional Planning Agency impervious-coverage budget for this parcel

Over coverage limit
45,538 sq ft covered of 16,280 sq ft allowed
This parcel exceeds its TRPA coverage allowance. New building typically requires removing existing coverage or acquiring transferable coverage rights.
Parcel Size
54,268 sq ft
Allowed Coverage
16,280 sq ft · 30%
Existing Coverage
45,538 sq ft · 84%
Addable Coverage
0 sq ft
Land Capability · TRPA-verified
7

TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.

TRPA parcel fact sheet ↗ How the Basin compares

Cost Segregation Tax Savings

Estimated first-year bonus depreciation savings

Estimated First-Year Tax Savings
$0
via bonus depreciation
Land Value
$0
Improvement Basis
$0
5-Year Property (18%)
$0
15-Year Property (10%)
$0
Estimates are for informational purposes only and do not constitute tax advice. Consult a qualified CPA or tax professional for your specific situation. Actual savings depend on individual tax circumstances.

Payment calculator

$38,797 per month
Principal & interest
$32,868/mo
Property taxes
$5,929/mo
1.0946% of the price, El Dorado County's 2025-26 rate, plus direct charges: California re-assesses a home at its sale price.
HOA dues
$0/mo
From MLS listing data.
Home insurance
$0/mo
Land — no home to insure, so no insurance estimate.
Down payment
20% ($1,300,000)
Home price
$6,500,000
Loan details
30-yr fixed, 6.5%
Request a Tour

We'll contact you soon.

R
Real Estate Tahoe
Real Estate Agent

Send a Message